NOT LISTED FOR SALE

331 Gilbert St Ridgewood, NJ 07450

Estimated Value: $1,062,000 - $1,248,000

6 Beds
3 Baths
2,829 Sq Ft
$411/Sq Ft Est. Value

Last Sold June 30, 2023

Last sale price $1,025,000 $362 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $7,524/month

13 Days on Market

Highlights

  • 3 Car Detached Garage
  • Living Room
  • Dining Room
  • Ridgewood High School Rated A+

About This Home

As of June 2023

This stunning two-family home is located in prestigious Ridgewood, one of the most desirable towns in the state featuring an excellent school system. The home is situated on a quiet tree-lined street within walking distance to Ridgewood High School and the historic downtown Ridgewood business district, and its popular restaurants, shopping, and cafes. The Ridgewood train station is an 8-minute walk and the bus to NYC is around the corner. This 3-story residence is ideal for an investor or an owner-occupier. The multi-family residence features a 4 bedroom/2 bathroom duplex above a 2 bedroom/1 bathroom unit. Each unit features hardwood floors and plenty of windows flooding each floor with natural light. The first unit features stainless steel appliances in the kitchen, a large living room, and an enclosed patio. The unfinished basement has multiple rooms for storage, separate washer/dryer for each unit, as well as open space. A long driveway leads to a detached two car garage at the rear of the property. All utilities are separate making this a terrific investment opportunity. Unit one will be delivered vacant. The second floor is occupied by a long-time tenant. The home has a new roof. This beautiful home is in excellent condition and is located in a highly sought-after town that is known for excellent schools, an abundance of amenities, and proximity to New York City making it a great place to live for those seeking out a terrific place to call home.  Don't forget to check out the virtual tour!

Last Agent to Sell the Property

Mohamed Eisa

TRIUMPH GROUP REAL ESTATE License #0232194 Listed on: 05/11/2023

Last Buyer's Agent

NON-MEMBER NON-MEMBER

NON-MEMBER

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,854

Lot Details

  • 6,055

Parking

  • 3 Car Detached Garage

Home Design

  • Aluminum Siding
  • Stone Exterior Construction

Interior Spaces

  • Multi-Level Property
  • Living Room
  • Dining Room

Bedrooms and Bathrooms

  • 6 Bedrooms | 2 Main Level Bedrooms

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Utilities

  • Window Unit Cooling System
  • Radiator

Listing and Financial Details

  • Assessor Parcel Number 5040

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,854

Lot Details

0

Listing Details

  • Class: 2 FAMILY
  • Type: 2 Family
  • Building Style: Multi-Level
  • Lead Paint Form: Yes
  • Assessor Parcel Number: 5040
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 3
  • Total Full Baths: 3
  • Total Bedrooms: 6
  • Total Other Rooms: 6
  • Basement: Full, Unfinished, Walk-Out
  • Total Dining Rooms: 2
  • Total Kitchens: 2
  • Total Living Rooms: 2
  • Basement Other Rooms: 5
  • First Floor Bedrooms: 2
  • Floor 1 Dining Rooms: 1
  • First Full Floor Bathrooms: 1
  • Floor1 Kitchen: 1
  • Floor 1 Living Rooms: 1
  • Floor1 Other: 1
  • Floor 1 Rent: 2500
  • Second Floor Bedrooms: 2
  • Floor 2 Dining Room: 1
  • Floor 2 Full Bathrooms: 1
  • Floor2 Kitchens: 1
  • Floor 2 Living Rooms: 1
  • Floor 2 Rent: 2450
  • Third Floor Bedrooms: 2
  • Floor 3 Full Bathrooms: 1
  • Fl1 Rooms: 5
  • Fl2 Rooms: 5
  • Fl3 Rooms: 2

Exterior Features

  • Exterior Finish: Aluminum/Vinyl, Stone

Garage/Parking

  • Parking Available: 3+ Cars, Detached

Utilities

  • Heating/Cooling: A/C Window, Radiators

Lot Info

  • Geo Address Line: 331 Gilbert St
  • Geo Primary City: Ridgewood
  • Geo Quality: 0.95
  • Geo Update Timestamp: 05/11/2023
  • Geo Zoom Level: 16

Tax Info

  • Year: 2022
  • Taxes: 15854

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 11, 2023
Closed on
Jun 26, 2023
Sold by
Farooqi Shayan and Farooqi Aisha
Bought by
Thomas Zachary Paul
Seller's Agent
Mohamed Eisa
TRIUMPH GROUP REAL ESTATE
Buyer's Agent
NON-MEMBER NON-MEMBER
NON-MEMBER
List Price
$949,900
Sold Price
$1,025,000
Premium/Discount to List
$75,100
7.91%
Views
132
Current Estimated Value
$1,162,054

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$137,054
Avg. Annual Appreciation
5.79%
Original Mortgage
$1,006,434
Outstanding Balance
$981,429
Interest Rate
6.57%
Mortgage Type
FHA
Estimated Equity
$180,625

Purchase Details

Listed on
May 11, 2018
Closed on
Aug 5, 2018
Sold by
Fine 2010 Childrenss T
Bought by
Farooqi Shayan and Nazakat Aisha
Seller's Agent
NEKIJE RIZVANI
KELLER WILLIAMS VILLAGE SQUARE
Buyer's Agent
Mohamed Eisa
TRIUMPH GROUP REAL ESTATE
List Price
$729,000
Sold Price
$729,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.22%
Original Mortgage
$619,650
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 4, 2010
Sold by
Fine Jackie
Bought by
Fine Paul and Fine Jackie

Purchase Details

Closed on
Jan 6, 2005
Sold by
Wesolowski John
Bought by
Fine Paul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$495,000
Interest Rate
5.8%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 10, 1998
Sold by
Gade Lorraine C and Estate Of Michael Mihalik
Bought by
Wesolowski John and Wesolowski Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
7.11%
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Thomas Zachary Paul $1,025,000 Elite Title Group
Thomas Zachary Paul $1,025,000 Elite Title Group
Farooqi Shayan $729,000 --
Fine Paul -- --
Fine Paul $660,000 --
Wesolowski John $295,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thomas Zachary Paul $1,006,434
Closed Thomas Zachary Paul $1,006,434
Previous Owner Farooqi Shayan $613,000
Previous Owner Farooqi Shayan $620,000
Previous Owner Farooqi Shayan $619,650
Previous Owner Fine Paul $495,000
Previous Owner Wesolowski John $225,000
Previous Owner Wesolowski John $25,000
Previous Owner Wesolowski John $220,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2023 06/30/23 Sold $1,025,000 +7.9% $362 / Sq Ft
05/24/2023 05/24/23 Pending -- -- --
05/11/2023 05/11/23 For Sale $949,900 +30.3% $336 / Sq Ft
08/10/2018 08/10/18 Sold $729,000 0.0% $258 / Sq Ft
06/15/2018 06/15/18 Pending -- -- --
05/11/2018 05/11/18 For Sale $729,000 -- $258 / Sq Ft
Source: Hudson County MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $16,643 $580,100 $259,700 $320,400
2024 $16,266 $580,100 $259,700 $320,400
2023 $15,854 $580,100 $259,700 $320,400
2022 $15,854 $580,100 $259,700 $320,400
2021 $15,709 $580,100 $259,700 $320,400
2020 $15,297 $580,100 $259,700 $320,400
2019 $15,065 $580,100 $259,700 $320,400
2018 $14,880 $580,100 $259,700 $320,400
2017 $14,723 $580,100 $259,700 $320,400
2016 $14,363 $580,100 $259,700 $320,400
2015 $14,114 $580,100 $259,700 $320,400
2014 $13,835 $580,100 $259,700 $320,400
Source: Public Records

Agents Affiliated with this Home

  • Mohamed Eisa

    Seller's Agent in 2023

    Mohamed Eisa

    TRIUMPH GROUP REAL ESTATE

    (201) 889-4494

    1 in this area

    34 Total Sales

    Mohamed Eisa
    Section Image

  • N

    Buyer's Agent in 2023

    NON-MEMBER NON-MEMBER

    NON-MEMBER

  • N

    Seller's Agent in 2018

    NEKIJE RIZVANI

    KELLER WILLIAMS VILLAGE SQUARE

See All Agents

Map

Source: Hudson County MLS

MLS Number: 230007718

Hudson County MLS

APN: 51-04011-0000-00012

New Jersey Bergen County Ridgewood 07450

331 Gilbert St, Ridgewood, NJ

This home is located at 331 Gilbert St, Ridgewood, NJ 07450 since 11 May 2023 and is currently estimated at $1,162,054, approximately $410 per square foot. 331 Gilbert St is a home located in Bergen County with nearby schools including Ridgewood High School, Little Crane Montessori School, and Academy Of Our Lady At St Catharine.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Hudson County MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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